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Dec 6, 2012
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we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >> essentially we're talking about the ford fusion hybrid and the ford c-max hybrid. both of those models claim, according to ford, they are believed to get 47 miles per hour. that's how ford advertises them. that's on the sticker eer on t windows. consumer reports brought them in, did the testing. according to consumer reports, the fusion and c-max hybrids do not get 47 miles per hour. the c-max gets 37 miles per gallon. those are dramatically lower than 47 miles per gallon. just for some point of reference, these are important vehicles for ford because as ford develops that hybri
we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >>...
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Dec 13, 2012
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the cheap energy and consistent energy in our country is remarkable. it is why -- >> stock's up 85% this year. >> they are coining money, david, i know you can say they are late with that but you get these major industrial companies taking advantage of lower energy costs in this country. it is a win for the american people. i'm try to be upbeat in the face of washington pulling us down every single day. >> upbeat tonight on "mad money," 6 and 11? >> brigs and stratton, machinery company. i got to tell you, i use a briggs and stratton energy to be able to power my house during the power outage. see you back here to >> all right, buddy. >> 6.5, the magic number, how let fed says the rate of unemployment has to get to before it even thinks about raising rates. what if we don't get there? we will explore what's at stake for your money. keep it here. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what t
the cheap energy and consistent energy in our country is remarkable. it is why -- >> stock's up 85% this year. >> they are coining money, david, i know you can say they are late with that but you get these major industrial companies taking advantage of lower energy costs in this country. it is a win for the american people. i'm try to be upbeat in the face of washington pulling us down every single day. >> upbeat tonight on "mad money," 6 and 11? >> brigs and...
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Dec 13, 2012
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year over year ex-food and energy up 2.2%. the former up 1.5% is definitely a bit light 2.3% our last look. one could argue matches expectations. a little heavier than our last year over year look which was 2.1. you know if we look at the claims number it's 343,000. that is definitely a very big drop from an upperly advised 372,000. so you know, we're down 29,000 on initial claims. and we're getting back into a zone that we were kind of carving out before superstorm sandy. whether this number is back on track, and around all its distortions of holidays and storms and weather and whatnot, i can't say. but most people around me were shaking their head when they saw it. there's your litany of date to. there's still more to come. you got 170 handle on 10s. a 290 handle on 30s. and it seems like there's some major divergence going on between ten-year and boone which we haven't seen in awhile spread widening. back to you. >> so okay. we're going to -- i mean, you're -- you're pessimistic, too, about anything good happening. but we c
year over year ex-food and energy up 2.2%. the former up 1.5% is definitely a bit light 2.3% our last look. one could argue matches expectations. a little heavier than our last year over year look which was 2.1. you know if we look at the claims number it's 343,000. that is definitely a very big drop from an upperly advised 372,000. so you know, we're down 29,000 on initial claims. and we're getting back into a zone that we were kind of carving out before superstorm sandy. whether this number...
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Dec 12, 2012
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committee's longer run objective, apart from the temporary variations that largely reflect fluctuations in energy prices. longer-term inflation expectations have remained stable. there was one dissenter to the policy changes announced today. jeffrey lacquer, who opposed the asset purchase program and the characterization of conditions under which an exceptionally low range of the fed funds rate will be appropriate. this is anton pearson reporting live from the treasury department. >> steve liesman, let's go to you. did i just hear -- and i may have heard this before, and you forgive me, i'm getting old, and i forget things. did i just hear an unemployment target tied to the fed funds rate? >> brian, you are getting old, but you did point that out correctly. >> fed rate tied to the unemployment rate. i did not hear that before. >> the fed has been talking about these economic targets for a long time. it was my expectation they were not ready to announce them. i read that wrong. they were obviously making more headway on that in the background. coming to an agreement, there was a whole bunch of peo
committee's longer run objective, apart from the temporary variations that largely reflect fluctuations in energy prices. longer-term inflation expectations have remained stable. there was one dissenter to the policy changes announced today. jeffrey lacquer, who opposed the asset purchase program and the characterization of conditions under which an exceptionally low range of the fed funds rate will be appropriate. this is anton pearson reporting live from the treasury department. >>...
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Dec 11, 2012
12/12
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energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll have to see how the economy evolves. since 80% of the declines in the index was about expectations for business conditions, and poor expectations for real growth, and your sales, that means that the small businesses are going to sit tight. they don't expect more customers so they're not going to hire, and that, of course, showed up. all the other components of the index stayed at recession levels. here we are at this very, very low level of optimism, consumer optimism tanked along with the owner optimism. and a lot of them
energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll...
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Dec 12, 2012
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we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can -- that fracking can be just -- it's been done, by the way, i'm told, for 30 years. it can be done safely and rationally. some of the deep wells in the gulf, and it's certainly safer than sending hundreds of thousands of kids overseas to fight wars. so this could be -- it's safer than what? like that oil pipeline would have been safe in the alternative. we need to have rational policy and do what's right for america. it can be done cleanly. >> would you prefer a carbon tax? >> i would be for eventually over time have a rational incr
we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can...
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Dec 13, 2012
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>> you could do an energy policy. that's fiscal policy and create jobs. there are other things. >> the fed feels they are the only game in town, partly because fiscal policy's got to go the other way, and they are trying to keep the economy going with this expansion. is it a risky strategy? absolutely. >> yeah. >> and they don't want to say that they are nervous about it, but this is an experiment. they have never done this before. >> what do you want, buy technology? >> you know what? i think what you're seeing is bett performance going out the risk curve, okay? so early on you could make money buying treasuries because they rally. now we think they can't rally anymore. people moved into investment grade credit, right, safe assets. those yields are so far down so they are looking at riskier part of the curve. some of the high yields, we're being very picky. also remember systemic risk is going doubt. the possibility of your area falling apart with the ecb in the game right now. china, hard landing, so you've got worries about that so that's less downside
>> you could do an energy policy. that's fiscal policy and create jobs. there are other things. >> the fed feels they are the only game in town, partly because fiscal policy's got to go the other way, and they are trying to keep the economy going with this expansion. is it a risky strategy? absolutely. >> yeah. >> and they don't want to say that they are nervous about it, but this is an experiment. they have never done this before. >> what do you want, buy...
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Dec 12, 2012
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chevron will do well as energy prices continue to ramp up. and if inflation continues to be the talk, and we are seeing that, i think you will see more. >> ty, over to you. >> thank you. the fed went on a shocker on the order of lindsay lohan saying she is staying home far month to bake cookies. we have more on ben bernanke coming up. that does if for "power lunch," ladies, gentlemen. thanks for watching. >>> welcome to a special edition of "street signs." we are minutes away from fed chairman's ben bernanke's news conference. there is a specific employment rate along with inflation target, there is a lot to talk about. let us bring in steve with more and the fed's outlook, steve? >> i think the story here today is federal reserve despite saying it will spend something like a trillion dollars in additional qe this year or next year is lowering its economic forecast. if you look at the outlook for 2012 through 2015, it actually lowered the outlook from its september forecast. take a look here. tenth off of 2012. tenth off of 13. 15 bases point
chevron will do well as energy prices continue to ramp up. and if inflation continues to be the talk, and we are seeing that, i think you will see more. >> ty, over to you. >> thank you. the fed went on a shocker on the order of lindsay lohan saying she is staying home far month to bake cookies. we have more on ben bernanke coming up. that does if for "power lunch," ladies, gentlemen. thanks for watching. >>> welcome to a special edition of "street...
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Dec 6, 2012
12/12
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and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good reasons. diamondback capital management, a fund run by richard shimmal and larry kipanzi. richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they did have 140 or so people workin
and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good...
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Dec 6, 2012
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. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you can't power civilization on wind today has to do with economics and engineering. >> reporter: he points for history. >> one of the reasons why fossil fuels are cheap is that they have received large subsidies from the federal government. >> reporter: right now wind power gets a subsidy, too. $1 billion a year from uncle sam. but that could vanish december 31st when the country hits the fiscal cliff. to caldera, that's the short-run risk. in the long run, he sees a clear, if not political pristine, path to more reliance on wind power. >> i think we'll eventually get to the point where we
. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you...
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Dec 6, 2012
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listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today. here's the deal. i was there early on, i was wrong. down 6% is not bad but there is a lot worse just a couple weeks ago when it was down 12% from where i bought it. so it's recovering. >> you like it? >> i do like it. i own it still. i have shaved part of my position but i still own most of it. i went wrong thinking nat gas would help it more than it did. nat gas is only 20% of the company. other 80% is coal and i hate coal so i shouldn't have done it. i think the news in nat gas today is good news in potentially opening up for sale lng. >>> let's see what seema mody's working on? >> tons of special dividends bein
listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today....
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Dec 5, 2012
12/12
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freeport mcmoran, $9 million deal to diversify into energy, the world's largest copper producer, still a lot of interest in copper. they say their opinion on copper has not changed. retail investors looking to buy copper, buy gold as well. of course freeport is one of the world's largest producers of gold. they're doing it through the exchange traded products. the jjc for copper and gld for gold. copper prices nearly coming in to where gold prices are the last month or so as gold prices and gold holdings are at record levels. back to you. >> thank you very much, sharon. >>> let's get the trading action here. bob pisani is back with me. we were up 131 points. some news flashes out of washington about possible sequestration spending cuts from the omb. basically took the market off ifts best levels. held hostage again. >> we've got to get some action. if we don't see action we'll threaten sequestration. we did move up earlier in the day. there were very vague rumors that some republicans might be willing to break ranks and accept taxes for the wealthy, higher taxes for the wealthy. that o
freeport mcmoran, $9 million deal to diversify into energy, the world's largest copper producer, still a lot of interest in copper. they say their opinion on copper has not changed. retail investors looking to buy copper, buy gold as well. of course freeport is one of the world's largest producers of gold. they're doing it through the exchange traded products. the jjc for copper and gld for gold. copper prices nearly coming in to where gold prices are the last month or so as gold prices and...
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Dec 12, 2012
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fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different. if we go into recession or are go over the cliff, what do you think the survey results would look like? >> it's a great question, and, you know, of course, you can't get down to what those 18,000 employers would really say now because some still have demand and some would be less impacted and more impacted. we look at our clients and what they are trying to do right now. 27% in this survey said there would be no change, and the reason this number is high and higher than we've seen, they are holding their hands tight. okay. what do i do? don't know what to do, but we're hearing also, you know what, as your previous guest said if i had some certainty i would feel a little bit better about hiring some people and adding that cost on and until we get t
fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different. if we go into recession or are go over the cliff, what do you think the survey results would look like? >> it's a great question, and, you know,...
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Dec 7, 2012
12/12
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energy stocks okay. tech, materials a tough week to the downside, weighed down by apple which lost about $50 so far this week. financials were the big gainers. big comments this week about job layoffs but most of those big names were up again today. these stocks have turned around here. bank of america now well north of $10. home builders having a very rare down week. but up a little bit here today. i anticipate 30% increase in orders next week. kb home also to the up side. horton announces a dividend acceleration earlier today. finally noting here, courtney just mentioned apple and there you see apple down -- apple was $585 at the start of the week. that's $50 off of apple this week. >> the dow is higher today. we'll go up town in a moment to the nasdaq and seema. could you imagine what the dow would be doing this week if the apple were in it? the dow is a price weighted index. >> that's why it would not be in it. they'll have to do some kind of split of apple to put it in there. $600 -- >> can you imag
energy stocks okay. tech, materials a tough week to the downside, weighed down by apple which lost about $50 so far this week. financials were the big gainers. big comments this week about job layoffs but most of those big names were up again today. these stocks have turned around here. bank of america now well north of $10. home builders having a very rare down week. but up a little bit here today. i anticipate 30% increase in orders next week. kb home also to the up side. horton announces a...
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Dec 6, 2012
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i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be add that if you'relogical looking for energy independents you would keep some of the stuff here but i understand if you're looking at it from the prism of jobs this is something you want to tackle. >> we're a free trade country and part of it is you don't make a rule that says why can't regoing to say the food companies can't sell, can't export. you got to be willing to permit exports especially when as in the case here there aren't many things where the american price is a fifth of the world price. that's a huge opportunity. >> there was one line and i just want to throw it out to you that said they we
i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be...
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Dec 12, 2012
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industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking earlier that bond market sees there is a finish line. once we have numbers pegged, they say, rates aren't going to be low forever. if the bond market sees unemployment at 6% or 6.99%, you have seen sell off today. >> when do we get to 2.5% inflation, that's a squishy number. 6.5% he employment, when are projections at 2.5. >> to michael's point though, you don't want it wait until you get to 6.5%. if you have been in this bond market with all those other people that have been in this bond market for a long time, you don't want to be the last guy out of door, you want to be the first guy out of do
industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking...
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Dec 5, 2012
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energy stocks having a pretty good day. s&p is also up about seven points trading right now at 1,414. the nasdaq remains the laggard of the day. what an interesting day there it's been not only at nasdaq marketsite but an ipo that couldn't get out of the blocks. certainly what's taking place with shares of apple? let's throw up apple right here. the nasdaq rebounding a bit but apple shares having their worst day in about a year. a significant loss for that stock. $24-plus for shares of apple in the losing column today. let's hit the biggest "pops & drops" in midday trading. hp. it's popping. >> yeah. this company was the victim of hate bashing party a couple of weeks ago on the autonomy acquisition. i think it was the sentiment low in the stock. it's up here. i prefer dell over hp though. >> waste management. >> if you're looking for a pe that is appetizing, it is a 15-year. dividend is 4.4%. goldman sachs actually cleaning dawn in the trash area from conviction buy on one of the names also lifted this thing as well. >> ver
energy stocks having a pretty good day. s&p is also up about seven points trading right now at 1,414. the nasdaq remains the laggard of the day. what an interesting day there it's been not only at nasdaq marketsite but an ipo that couldn't get out of the blocks. certainly what's taking place with shares of apple? let's throw up apple right here. the nasdaq rebounding a bit but apple shares having their worst day in about a year. a significant loss for that stock. $24-plus for shares of...
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Dec 6, 2012
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energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of the adjustments that have already been made or have been in the process of being made have already done a lot of damage that we didn't need. we already shot ourselves in the foot on this one. in terms of housing, you know, the shadow inventory that's been tied up in litigation, we could see as many as 20 million of those come on the market in 2013. even though i agree with the guest, there's a lot of different forms of the housing market. some of them are going to be under pressure due to this avalanche of shadowed foreclosure in 2013. >>
energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of...
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Dec 11, 2012
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what it will do is sort out winners from losers and allow investors to focus energy and money. the market wants to go higher at this point. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >> than is currently modelled, that would be optimistic for treasury market and currency market. listen, at the end of the day, this whole idea of the fiscal cliff, they are going to figure this out and kick the can down the road and give themselves nine months or a year to figure this out. it's not going -- this is not going to stick. is just simply not. >> dan, here is the problem. if they wait until fourth of july to get this done -- how long is the can? call it mamp when they get a deal done. if you don't know what your tax rate is going to be for 2013 and you're waiting for congress to make a deal, you're not going to spen
what it will do is sort out winners from losers and allow investors to focus energy and money. the market wants to go higher at this point. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >>...
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Dec 12, 2012
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joefrgs in the energy space. petrochina spending $1.6 billion for bhp's minority stake in a controversial play. the brows project on the northwest coast has drawn criticism from land and environmental group and raised eyebrows with its expensive price tag. petrochina is looking to boost overseas production and earmarked $16 billion toward that plan. >>> singapore airlines' shares closing up today, around 1%. this after selling its 49% stake in virgin atlantic and delta for $360 million. s.a. had bought the stake in 1999 for close to a billion dollars. it's been looking to sell since mid 2011. and s.a.'s spokesman told cnbc the partnership wasn't the best fit. >> the synergies we hoped for never fully materialized. there's a reason that we're selling. we found a willing buyer in delta. and -- there was -- it was seen as, you know, we shouldn't continue holding on to it if those synergies were not there and if it wasn't performing it our expectations. >>> germany's biggest public sector union verde says it's lookin
joefrgs in the energy space. petrochina spending $1.6 billion for bhp's minority stake in a controversial play. the brows project on the northwest coast has drawn criticism from land and environmental group and raised eyebrows with its expensive price tag. petrochina is looking to boost overseas production and earmarked $16 billion toward that plan. >>> singapore airlines' shares closing up today, around 1%. this after selling its 49% stake in virgin atlantic and delta for $360...
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Dec 7, 2012
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it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to china. not necessarily entirely the case. >> a lot of manufacturing jobs require a certain amount of math skill now that was not required 20 or 30 years ago. unfortunately we hear time and again from chief executives, they have hard time filling those fairly high level manufacturing jobs, high skill required manufacturing jobs. >> this is what ceo of general electric stressed in the jobs council for the president, listen up, mr. president. junior colleges is where you can make a difference. >> vocational skills. >> i don't feel it's -- look, washington is focused on different things across the b
it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to...
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Dec 7, 2012
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it's probably at least 500 times less in energy. and so we've had a sequence of 7.3, 6.2 and then going through 5.5 down to 4.8. so a cluster of earthquakes. they're relatively shallow, which means they're at the outer rim of where they're generated, which is why probably the devastation isn't enormous. and the earthquake mechanism is one which would tend to generate a tsunami. but the reports seem to suggest that it's about one meter high. perhaps a little bigger. these things vary depending on the shape of the coastline. >> what is the key determinant predicting how big a wave that you you get? >> it gets complicated because obviously the bigger the earthquake, but one of the most important things is the direction the earth moves. we've had some very, very large earthquakes including off sumatra where we expect differen effectively get side way slip. this is what we call a thrust vault where one side moves up with respect to the other. and those are always very tricky. because that moves the sea floor up and that sdw generate a ts
it's probably at least 500 times less in energy. and so we've had a sequence of 7.3, 6.2 and then going through 5.5 down to 4.8. so a cluster of earthquakes. they're relatively shallow, which means they're at the outer rim of where they're generated, which is why probably the devastation isn't enormous. and the earthquake mechanism is one which would tend to generate a tsunami. but the reports seem to suggest that it's about one meter high. perhaps a little bigger. these things vary depending...
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Dec 7, 2012
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very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move fo
very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect...
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Dec 12, 2012
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i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million barrels in the past week. and supplies rose by 3 million barrels in the past week. we are looking at prices coming off of their highs of the session. a big build across the board. that is likely to take oil prices and the rest of the petroleum complex off of the highs of the day. >> we want to check on shares of walmart, the world's largest retailer. underperformer compared to the peers as well, down 2.2% at this hour. ceo mike duke making comments last night to the council on foreign relations, saying one week after the elections, 25% of the core customers knew about the fiscal c
i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million...
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Dec 5, 2012
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also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions are unwound. you're not really looking at a new trend here. you're not seeing something that has changed traders' minds about whether the dollar i
also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to...
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Dec 11, 2012
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. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfor
. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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Dec 10, 2012
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the amount of energy that's spent on trying to optimize your tax payment, as opposed to managing your business, is a tradeoff we shouldn't be making. so i agree with you entirely on that. i think the other piece of this is getting to entitlements. >> hmm. >> frits, want to thank you very much for coming in. >> my pleasure. >> coming up we're going to talk to an analyst about the surprising same-store sales numbers that we got from mcdonald's. plus jim cramer on other stocks you need to watch. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ welcome to the world leader in derivatives. welcome to sup
the amount of energy that's spent on trying to optimize your tax payment, as opposed to managing your business, is a tradeoff we shouldn't be making. so i agree with you entirely on that. i think the other piece of this is getting to entitlements. >> hmm. >> frits, want to thank you very much for coming in. >> my pleasure. >> coming up we're going to talk to an analyst about the surprising same-store sales numbers that we got from mcdonald's. plus jim cramer on other...